The Original Wellness Rider is Now Available at No Charge
DES MOINES, Iowa--(BUSINESS WIRE)--Jan 30, 2019--Global Atlantic made it their New Year’s resolution: Wellness for everyone. And while most people’s resolutions fizzle out in a week, this one is here to stay. As of January 1, 2019, Global Atlantic’s Wellness for Life® rider is available at no charge to everyone purchasing a new, eligible policy.
“Our Wellness for Life® was the first rider of its kind,” said Dave Wilken, President, Life, at Global Atlantic. “Wellness for Life was a pioneering innovation, and our decision to eliminate the fees is just another example of our ongoing focus on innovating in favor of the consumer.”
Wellness for Life gives owners of permanent policies discounts on insurance costs if they visit the doctor at least once every other year and manage their weight within a range determined when they buy their policy. Going to the doctor at least once every two years qualifies them for level one Wellness for Life Rewards®. If they also maintain their weight within a range specified at policy issue, they receive more Rewards.
Mr. Wilken added, “We don’t collect, track or store any personal medical information. We simply ask the insured to verify they’ve been to the doctor every two years and have kept their weight within an individualized range if they wish to qualify for more Rewards. Wellness for Life requires no wearables. It’s easy to understand, and participation is simple. Just visit the doctor and send in the form — that’s it. There are no fluctuating premiums, just discounts on the cost of insurance that can add up significantly over time.”
With Wellness for Life, consumers can give their policy values a boost in the same way taking certain actions can boost their health and happiness — and now it costs them nothing.
2018 marked the 10-year anniversary of Wellness for Life and more than 50,000 riders have been issued. The company’s experience indicates that customers that have purchased the rider have better life expectancy.
To read more about Global Atlantic’s Wellness for Life® program, please click here.
About Global Atlantic
Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs. In addition, Global Atlantic offers custom solutions and responsive service for the capital, risk and legacy-business management of life and annuity insurance companies around the world.
Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with insightful investment and risk management capabilities, alongside a strong financial foundation of over $60 billion in assets.
Products and riders are issued by Accordia Life and Annuity Company, 215 10 th Street, Des Moines, Iowa. Rider form number ULWFL-E14 Wellness for Life® Rider availability varies by state. Products and riders are not available in New York.
Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited. Each subsidiary is responsible for its own financial and contractual obligations.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190130005071/en/
CONTACT: Stephanie Lowenthal, Global Atlantic
KEYWORD: UNITED STATES NORTH AMERICA IOWA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE INSURANCE
SOURCE: Global Atlantic Financial Group
Copyright Business Wire 2019.
PUB: 01/30/2019 09:00 AM/DISC: 01/30/2019 09:01 AM